U.S. and Nigeria Establish Task Force Aimed at Combining Resources and Combating Crypto-Related Crimes

On October 25, the U.S. and Nigeria established a task force (Bilateral Contact Group on Illicit Finance and Cryptocurrencies) aimed at consolidating resources and combating crypto-related crimes. The news comes on the heels of news that the Nigerian government has dropped all charges against Binance executive Tigran Gambaryan, who has been facing trial in a local detention center since April. A lawyer representing the Economic and Financial Crimes Commission (EFCC) announced the dismissal of the charges at the Federal High Court in Abuja on Wednesday morning local time.